Outrageously Funny Word Dictionary :: Assurors

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What is the definition of assurors? 🙋

👉 An assurer is a person who guarantees or promises to pay a debt, loan, or other obligation according to an agreement. Assurers are responsible for handling and collecting payments on behalf of their clients. In insurance law, an assurer may be required to provide proof of insolvency or bankruptcy if the client is unable to make the payment on time or in full. This can arise when a client defaults on a loan or other debt obligation. In some cases, an assurer may also be responsible


assurors

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